Skip to Main Content

News & Events

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 20, 2019

Tuesday, August 20, 2019 | 08:49am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.25 percent as published by the Federal Reserve on August 19, 2019.

Read full story
News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 9, 2019

Tuesday, July 09, 2019 | 08:24am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on July 8, 2019.

Read full story